‘Enforcement 40’ for 2020
Our Sponsors
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedInSEC Announces Office Focused on Innovation and Financial Technology
The Securities and Exchange Commission today announced that the SEC’s Strategic Hub for Innovation and Financial Technology, commonly referred to as FinHub, will become a stand-alone office. Valerie A. Szczepanik will continue to lead FinHub as its first director and will report directly to the SEC Chairman. Established within the Division of Corporation Finance in 2018, […]
Could Injunctions Become the SEC’s Next Headache?
As Will Rogers famously quipped, when you find yourself in a hole, stop digging. The Securities and Exchange Commission recently learned this lesson the hard way in its long-running and ill-fated pursuit of New York-based stock trader Guy Gentile, who – unlike many others similarly situated – apparently had the resources, fortitude, and skilled legal […]
Jay Clayton’s legacy at the SEC: productive or partisan? – InvestmentNews
Kurt Wolfe, a securities compliance attorney at Troutman Pepper, also said Clayton leaves with a reputation for getting things done. “He’s been an effective chairman in many respects,” he said. “He shepherded through a large number of new rules and amendments. Not everyone likes all of them, and that cuts both ways. Nobody got everything […]
SEC Chairman Jay Clayton Confirms Plans to Conclude Tenure at Year End
Jay Clayton, Chairman of the Securities and Exchange Commission, confirmed today that after serving for more than three and a half years, he will conclude his tenure at the end of this year. Chairman Clayton was sworn in on May 4, 2017, and will leave the SEC as one of its longest serving Chairs. During […]
SEC Awards Over $1.1 Million to Whistleblower for Independent Analysis
The Securities and Exchange Commission today announced an award of over $1.1 million to a whistleblower whose independent analysis led the staff to look at new conduct during an ongoing investigation. The whistleblower’s information and exemplary assistance helped the agency bring an emergency action preventing further investor harm. This whistleblower examined publicly available materials and […]
Biden SEC Likely to Push More Climate, Diversity Disclosures
“Depending on who is the next chair, the shift might be either reversion to the mean or whiplash inducing,” said Urska Velikonja, a Georgetown University Law Center professor who studies the SEC. Potential contenders for the job include former SEC Commissioners Kara Stein and Robert Jackson, as well as Georgetown University Law Center Professor Chris […]
Wall Street Knows Who It Doesn’t Want at SEC: Gensler or Bharara
The uneasiness started late last week, when news broke that Gary Gensler — a scourge of Wall Street when he led the Commodity Futures Trading Commission — had been tapped to examine financial regulators for the president-elect. That fueled concerns that Gensler himself might be in line for the top job at the SEC or […]
SEC Cashed in Big from Crypto ICOs in 2020 | Coinspeaker
The report noted that the record-breaking sum of money was realized by the Enforcement Division of the US Securities and Exchange Commission and they were proceeds from illegal income bordering on the activities of Wall Street firms, insider trading fines, ICOs amongst others. As highlighted, about $1.26 billion dollars was accrued from SEC nabbed unregistered […]
What to Expect From the Biden Administration
Over the weekend, former Vice President Joseph R. Biden, Jr. was declared the winner of the U.S. presidential election. Although President Trump has yet to concede and press reports suggest he will continue to make his case in court, thoughts have turned to what the Biden administration will mean for federal regulation of business and […]
SEC Office of the Whistleblower Posts Nineteen New Notices of Covered Actions | Whistleblower News Network
On October 30, the U.S. Securities and Exchange Commission (SEC) Office of the Whistleblower posted nineteen new Notices of Covered Actions (NCAs). Each NCA relates to a specific SEC enforcement action and signals that individuals may now submit whistleblower award claims for these actions. Whistleblowers have until January 28, 2021 to apply for an award […]